ALABAMA AFL-CIO LABOR INSTITUTE FO… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

RICKEY KORNEGAY

Phone

3348341061

Tax Period

2024-10-01 to 2025-09-30

ALABAMA AFL-CIO LABOR INSTITUTE FOR TRAINING INC, founded in 1999, is a small nonprofit in the Education sector that reported $237K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

EMPLOYMENT, TRAINING AND WORKFORCE DEVELOPMENT

Program Service Accomplishments

Program 1

Expenses: $114,369

EMPLOYMENT, TRAINING AND WORKFORCE DEVELOPMENT

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $237,374

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $237,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $188,018

Fundraising Expenses $0

Program Expenses $114,369

Other Expenses $45,842

TOTAL EXPENSES $233,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$237,374	$214,965	+0.1%
Expenses	$233,860	$213,987	+0.1%
Net Income	$3,514	$978	+2.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$165,085

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BREN RILEY	PRESIDENT	2.00	Director	$0	$15,277	$137,485
RICKEY KORNEGAY	SECRETARY/TREASURER	2.00	Director	$0	$3,600	$27,600

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$237,374	$233,860	$38,715	$3,514
2024	$214,965	$213,987	$35,201	$978
2023	$196,433	$194,808	$34,223	$1,625
2022	$195,298	$195,078	$24,598	$220
2021	$184,860	$183,889	$24,878	$971
2020	$182,222	$180,477	$6,407	$1,745
2019	$185,864	$186,801	$4,662	$-937
2018	$182,858	$180,529	$5,599	$2,329

ALABAMA AFL-CIO LABOR INSTITUTE FOR TRAINING INC